Why would an accountant engage in financial accounting research?
A) when they need to determine the appropriate reporting treatment for a transaction
B) when a given transaction requires judgment
C) Both A & B
D) Neither A nor B

Question

Quizplus · Accepted Answer

Accountants engage in financial accounting research to determine the appropriate reporting treatment for transactions and when transactions require judgment to ensure compliance with accounting standards.

Why Would an Accountant Engage in Financial Accounting Research